Earth Moving Equipment is a heavy equipment designed for construction operations. Global earth moving equipment market is projected to exhibit CAGR of 7.7% in the forecast period (2018 – 2026). Increasing growth of the construction industry is one of the major driving factors, leading to high demand for earth moving equipment, globally. According to Chartered Institute of Building, by 2030, the construction industry is expected to account for 14.7% of the global GDP. Moreover, by 2030, the global construction market is projected to be valued at US$ 17.5 trillion up from US$ 8 trillion in 2015. Furthermore, increasing urban population is also a major factor, which has led to high demand for better infrastructure, thus aiding in growth of the construction industry.
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This, in turn is expected to positively affect growth of the earth moving equipment market. According to Population Reference Bureau, in 2017 the world population was 7,536 million, of which 54% of the population lived in urban areas, which is around 4,069 million. Moreover, according to the same source, in 2017, 78% of the developed countries population lives in urban area and 49% population of emerging countries lives in the urban area. In addition, the high cost of equipment is a major factor which hinders the market growth.
The ‘Earth Moving Equipment Market Research Report 2018-2026’ is an efficient and detailed study on the present situation by focusing on the global market. Study report offers key statistical information on the market situation of the manufacturers and is a beneficial source of advice and guidance for companies and persons involved in the industry. At the start, the study report offers a basic outlook of the industry containing its introduction, applications, and manufacturing technology. Also, the report scrutinizes the international key market players in-depth.
Increasing mining industry in North America is one of the major driving factors for growth of the earth moving equipment market in this region. The U.S. held the second-largest position in the global mining production. According to World Mining Congress, the U.S. held a share of 11.5% of the global mining production in 2016. In addition to this, According to World Mining Congress, in 2016, the North America region produced 2.4 billion metric tons mineral raw material up from 2.3 billion metric ton in 2010. Hence, this increasing production of mining have raised demand for earth moving equipment in this region. Furthermore, increasing construction industry in North America region has also accelerated demand for earth moving equipment market in this region. For instance, according to Coherent Market Insights’ analysis, in 2016 the spending for new residential construction was US$ 464 billion and is expected to reach US$ 571 billion by 2021. Hence, this increasing construction spending in the U.S. is expected to aid in growth of the market over the forecast period.
Key Vendors of Earth Moving Equipment:
Major players operating in the global earth moving equipment market include Caterpillar Inc., CNH Industrial N.V., Doosan Infracore Ltd., Hitachi Construction Machinery Co. Ltd., JCB Ltd., Komatsu Ltd., Liebherr AG, Sany Heavy Equipment International Holdings Co. Ltd, Terex Corporation, and Volvo Construction Equipment.
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Regions Covered In This Study Report:
Key questions answered by study report of Earth Moving Equipment:
• What will the market size be in upcoming years and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
There Are Multiple Chapter to Display the Global Market Some of Them As Follow:
Chapter 1, Definition, Specifications and Classification of Market , Applications of Market , Market Segment by Regions;
Chapter 2, Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;
Chapter 3, Technical Data and Manufacturing Plants Analysis of Earth Moving Equipment , Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis;
Chapter 4, Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);
Chapter 5 and 6, Regional Market Analysis that includes United States, China, Europe, Japan, Korea & Taiwan, Market Analysis (by Type);
Chapter 7 and 8, The Earth Moving Equipment Segment Market Analysis (by Application) Major Manufacturers Analysis of Earth Moving Equipment ;
Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type Natural preservative, Chemical preservative, Market Trend by Application;
Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;
Chapter 11, The Consumers Analysis of Global Earth Moving Equipment ;
Chapter 12, Earth Moving Equipment Research Findings and Conclusion, Appendix, methodology and data source;
Chapter 13, 14 and 15, Sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Why this is useful Report to you:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.